Monthly Archives: February 2013

IRS Wins Big Tax Ruling Against Bank of New York Mellon

 By: Jeff Gerth | ProPublica A federal tax court judge yesterday ruled that the Bank of New York Mellon had improperly claimed foreign tax credits through a complex deal arranged by Barclays. In the wake of the ruling, BNY Mellon … Continue reading

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William Black: Judge Rules Against a Bank – Precedent Could Cost Bank of America (VIDEO)

Bill Black: Judge rules that Flagstar, a big mortgage lender that gave “liars loans”, is liable to insurance company – same issues at stake in Bank of America case. Share this: via My Debt Release http://feedproxy.google.com/~r/MyDebtRelease/~3/sII5VEQjkXM/william-black-judge-rules-bank-precedent-cost-bank-america-video

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Wells Fargo Settlement Isn’t Bar to False Claims Lawsuit

By: Andrew Zajac | Bloomberg Wells Fargo & Co.’s argument that it can’t be sued by the U.S. over illegal mortgage practices because of an earlier deal with the government was rejected by a federal judge as a misreading of … Continue reading

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Couple Commit Suicide Over Foreclosure Fear

By: Associated Press A retired married couple committed suicide Tuesday and left a note saying they were going to lose their home, helping stoke an outcry over Spain’s tough eviction laws. The 68-year-old man and 67-year-old woman took an overdose … Continue reading

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Welcome to the ‘Housing Recovery’ – Florida Foreclosures Skyrocket

 By: Kimberly Miller | Palm Beach Post Florida ranked first in foreclosure activity for the fifth consecutive month in January as new mortgage defaults and foreclosure auctions skyrocketed in Palm Beach County. New foreclosures in the county filings were up … Continue reading

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CISPA: Ample Room for Abuse (INFOGRAPHIC)

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